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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: lurqer who wrote (58687)	7/15/2003 2:27:26 PM
From: Sully-	Read Replies (1) of 65232

Greenspan presented the committee with the Fed's latest economic forecasting, predicting that the economy would grow this year in a range of 2.5 percent to 2.75 percent. That represented a significant cut from the Fed's February forecast, when it had predicted growth this year would be a faster rate of between 3.25 percent to 3.5 percent. The economy, weighed down early in the year by falling consumer and business confidence reflecting worries about the Iraq war, has shown disappointing growth so far in 2003. The sluggish growth pushed the unemployment rate to a nine-year high of 6.4 percent in June. Posted by: MKT_entropy investorshub.com

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